21 Allamanda Avenue, Forrest Beach QLD 4850
21 Allamanda Avenue, Forrest Beach QLD 4850
3 bed | 1 bath | 701m² lot | sold $390k Mar 24 | coastal suburb with beachfront mix
This property sits on a notably large 701m² parcel in a coastal suburb where detached houses dominate, giving it a rare land-to-building ratio that is becoming harder to find. The 107m² floorplan is modest but functional for a three-bedroom configuration, and the March 2024 sale price of $390,000 suggests it was acquired at a point before recent market shifts. For a buyer seeking a seaside lifestyle on a generous block—whether as a permanent home, a weekender, or a project to improve over time—this house offers a solid entry point into a suburb that includes both compact homes and higher-end beachfront stock. The large lot is the standout feature here; it provides space for future additions, a shed, or outdoor living that smaller coastal blocks simply cannot match.
The single bathroom and single car space may limit appeal for families wanting more modern convenience, and the lack of verified information about finishes, construction age, or flood exposure means a buyer should approach with cautious curiosity rather than assumption. The estimated value of $524,000 sits well above the last recorded sale, which might reflect genuine market movement or optimistic data—only a physical inspection and local agent insight will clarify that gap. Renovation costs or the need for structural updates could narrow the perceived value advantage, so a thorough building and pest inspection is strongly recommended before forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 21 Allamanda Avenue, Forrest Beach QLD 4850
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Forrest Beach is a regional coastal suburb positioned as an affordable entry point, attracting value-seeking buyers and investors. Demand is driven by an established demographic of older, outright owners and supported by solid rental yields. Recent price trends show mixed signals with moderate sales activity, yet market conditions indicate a steady but constrained supply environment. Future growth hinges on its affordability appeal, though the market faces sensitivity to broader regional economic moderation and a limited new stock pipeline.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
701m²
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